Corporate and investment bank Rand Merchant Bank Nigeria Limited has been recognised by DealMakers AFRICA for its lead advisory role in the exit of CardinalStone Partners from iFitness to Verod Capital Management.
In a statement on Sunday, the firm said that the transaction underscored RMB’s deep expertise in executing complex private equity exits and facilitating transformative transactions within West Africa’s evolving investment landscape.
In addition to this award, RMB Nigeria was also ranked number one in Mergers & Acquisitions Financial Adviser by Deal Flow and number two in Mergers & Acquisitions Financial Adviser by Deal Value.
Further cementing its position as a leading African corporate and investment bank, RMB was also nominated for Deal of the Year for its advisory role to Chappal Energies on the acquisition of Equinor’s Nigerian business, a landmark energy transaction.
Speaking on the recognition, Chief Executive Officer of RMB Nigeria, Bayo Ajayi, said, “We are deeply honoured to receive the award for private equity deal of the year 2024 and the duo rankings recognitions as top mergers and acquisitions financial advisers by Deal Flow and by Deal Value in DealMakers West Africa’s 2024 issue. These accolades are a testament to the strength and depth of RMB’s advisory platform and our unwavering commitment to delivering value-driven solutions for our clients. We are proud of the role we continue to play in unlocking investment opportunities that drive growth across Africa.”
Reflecting on the award and ranking recognitions, Chidi Iwuchukwu, RMB Nigeria Executive Director and Head of Investment Banking, RMB Nigeria and RMB Broader Africa, said, “We are thrilled to have been trusted by our clients to advise on some of the region’s most strategic transactions. From private equity exits to large-scale energy acquisitions, these achievements highlight the technical competence, collaborative spirit, and deep market insight of our advisory franchise.’’
The DealMakers AFRICA Annual Awards were launched in 2000 by DealMakers to recognise corporate entities performing exceptionally well in business deals and investments across West Africa.
